2801 MichiganSouth Bend, IN 46614

  • Retail space
  • 13,596 SF
Off market
$5,426,850 Estimated

Property Details for 2801 Michigan

Year built
1925
Construction
WOOD
Lot size
0.54 AC
Property size (Sq ft)
13,596 SF
Property type
Retail space
APN
71-08-24-155-010.000-026
APU
710824155010000026

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,668,990
    6.5%
    $2,463,680
    7%
    $2,287,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,841,710
    Geo Method
    $1,841,710
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,727,430
    Mixed-Use / Specialty
    $2,486,010
    Hospitality / Lodging
    $1,864,410
    Office
    $2,503,650
    Institutional / Educational
    $2,595,570
    Residential Income
    $3,036,810
    Multifamily
    $3,469,710
    Automotive / Energy
    $2,224,770
    Parking / Income-Based Land
    $737,004
    Restaurant / Food Service
    $1,359,390
    Healthcare / Senior Housing
    $2,517,450

Location Insight

City
South Bend
County
St. Joseph
State
Indiana
Latitude
41.6451
Longitude
-86.2501
CBSA code
43780
CBSA name
SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,183
$26,600
$156,100
$182,700
-
$26,600
$156,100
$182,700

FAQs

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